Department of Non-Banking Supervision (DNBS) Current Affairs, GK & News

4-tier structure for Tighter Regulation of NBFCs

The Reserve Bank of India (RBI) has recently proposed for a four-tier structure for tighter regulatory framework of the Non-Banking Financial Companies (NBFCs). About Regulatory and Supervisory Framework The responsibility of regulation and supervision has been entrusted with the Department of Non-Banking Supervision (DNBS) of RBI under the regulatory – provisions of the Reserve Bank of India Act, 1934. ..